This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in Virginia

In Virginia, closing date prorations for real estate taxes follow the statutory rule that the seller is responsible for taxes for the period before closing, while the buyer is responsible from closing onward. The governing authority, Va. Code § 58.1-3916, sets the method for this division, with the verified figure of 0% indicating no standard statewide rate is prescribed; the calculation depends on the exact closing date. The formula apportions the annual tax liability by the number of days in the year. A worked example below demonstrates this calculation. For an estimate tailored to a specific closing date and tax amount, use the calculator on the official source at https://tax.virginia.gov/.

Governing authority

In Virginia, the closing date prorations rule is set by Va. Code § 58.1-3916. The verified packet cites Va. Code § 58.1-3916 (https://tax.virginia.gov/).

Virginia closing date prorations: the verified value is 0% under Va. Code § 58.1-3916. The verified packet cites Va. Code § 58.1-3916 (https://tax.virginia.gov/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.